Jacara Apartment Putney Hill sales boosted by NSW first-home buyer scheme

Frasers Property’s Putney Hill community is benefiting from the extension of the NSW Government’s first-home buyer scheme, with over 50% of the newly released Jacara apartments being snapped up since late July.

The sales in the Cox Richardson-designed Jacara complex boosts the 13.9-hectare Putney Hill community now to 80% sold.

“People have taken notice of the NSW Government’s decision to extend the first-home owner scheme, and this combined with positive sentiment around record-low interest rates – along with the arrival of spring – has seen many young, yet discerning, families and individuals coming our way looking to enter the property market,” says Warwick Dowler, Frasers Property Australia project director.

The NSW first-home buyer scheme offers $15,000 to those purchasing or building a new home.

“We’re seeing real confidence from first-home buyers right now,” says Dowler.

Frasers Property is also offering purchasers an incentive package comprising of kitchen appliances of up to $10,000 in value.

“We are pleased to offer home buyers our Kitchen Connoisseurs incentive package, which when combined with the $15,000 grant, could result in up to $25,000 off the cost of a new home,” says Dowler.

“We have already seen a number of new home buyers take advantage of this offer, so given its popularity, we are not expecting Jacara Apartments to remain on the market for very long,” says Dowler.

Prices of Jacara apartments range from $405,000 for a one-bedroom apartment, $594,000 for a two-bedroom apartment and $1.09 million for a three-bedroom apartment.

Jacara Apartments will offer its new residents a leafy retreat with communal garden beds for growing vegetables and herbs, a putting green, an outdoor barbecue as well as a formal lounge and quiet areas.

Construction of Jacara apartments is planned for completion in 2015.